May 2024
07 May
Make fun a serious business in your pharmacy
It's an often-overlooked feature of high-performing workplaces, but good bosses know that fun can be a great stress reliever, team-builder and motivator.
Apr 2024
23 Apr
How technology can improve your pharmacy’s efficiency—and make your life easier
If you are still doing things the same way you were 10 or 15 years ago, chances are your dispensary is behind the times. And you might very well be making your life – and your pharmacy’s operations – more difficult than they need to be.
16 Apr
An epidemic of job burnout for pharmacist-owners
Job burnout impacts not just the pharmacists and their enjoyment of work, but also everyone in their circle—staff, family and customers.
Feb 2024
20 Feb
How to 'right-staff' your pharmacy
If your store is overstaffed, you may need to make difficult decisions like reducing staff or potentially laying off unproductive or redundant employees. Doing that can be painful, for your employees and for you.
Jan 2024
16 Jan
12 business resolutions for pharmacist-owners in 2024
The new year – still fresh – presents an opportunity not only to look back at all that was accomplished over the past 12 months, but also to look ahead and set priorities for the new year.
09 Jan
The great annual debate: RRSPs vs TFSAs?
The RRSP deadline looms the end of February, and the new year brings an additional $7,000 of contribution room for Tax-Free Savings Accounts.
Nov 2023
28 Nov
Year-end tax-loss selling for your pharmacy business
Tax-loss selling is an investment strategy that can lower your tax bill. Interested in knowing more? Does this apply to your pharmacy business? Read on.
14 Nov
Selling your pharmacy? Win the mental game first
Many pharmacist-owners sell their companies and then find something in their lives is missing.
Oct 2023
31 Oct
From pharmacy owner to investor – the mindset change you need post-exit
To protect and grow a large sum of money like the one you (hope to) receive from the sale of your pharmacy business, you need to have a completely different mindset. After you sell, you are no longer an entrepreneur or business-builder.
Sep 2023
28 Sep
Someone wants to buy your pharmacy. Now what?
Selling a pharmacy is a big life event, and it will impact your financial and emotional well-being for a long time to come. It is not a decision to be taken lightly, no matter how flattered you might be.
26 Sep
5 key steps to sell your pharmacy
Selling a pharmacy can be a complicated, even daunting process.
Aug 2023
08 Aug
Using life insurance in your pharmacy estate planning
Life insurance is often used as a solution to problems and needs identified in the estate planning process.
July 2023
04 Jul
The pharmacy sale cycle: strategic wealth planning for pharmacist-owners
Selling a pharmacy business is usually the biggest liquidity event of a pharmacist-owner’s life.
June 2023
27 Jun
Looks aren't everything...but they sure can help sell your pharmacy
If you are selling your pharmacy business and want to maximize its value on the market, appearances matter.
13 Jun
Accounting mistakes to fix now: a primer for your pharmacy
The good news is that most, if not all, of these mistakes are easily avoidable or – if you are currently making them – fixable.
May 2023
16 May
Accounting mistakes, Part 4: Accounting gaffes round-up – the final five
In previous articles, we looked at a few common types of accounting errors, from improper inventory record-keeping to inappropriate accounting for capital and staff expenses.
09 May
How to account for commercial terms payments – the right way
Solid accounting practices are fundamental to enhancing and preserving the value of your pharmacy business.
Apr 2023
25 Apr
Why exit planning is essential for your pharmacy
The sad fact is that many if not most pharmacist-owners do not spend enough time getting ready for what will probably the single biggest liquidity event of their lives. We understand why that is.
11 Apr
Watch your assets when selling your pharmacy
Good accounting matters a lot when you’re thinking of selling your pharmacy business.
Mar 2023
28 Mar
Pharmacy U presenters Mike Jaczko & Max Beairsto: The right way to think about your pharmacy’s lifecycle
The way you as a pharmacist-owner think about the evolution of your business can make a big difference before, during and after it comes time to sell.
Feb 2023
14 Feb
Accounting mistakes, Part 2: Benchmarking your pharmacy’s wages and departments
In our series of blogs about benchmarking, we’ll discuss the best ways to answer a couple of vital questions about your pharmacy business: How much should you be spending on wages?
Jan 2023
31 Jan
Pharmacy U presenters Mike Jaczko & Max Beairsto: Fix these accounting mistakes in 2023, Part 1: Inventory
Bad accounting practices are just, well, bad – for your business and for its value when it comes time to sell. If your books are unreliable, a potential buyer is going to look askance at your pharmacy and wonder what else is wrong.
17 Jan
Pharmacy U presenters Mike Jaczko & Max Beairsto on...benchmarking your dispensary
We have been helping pharmacist-owners sell their businesses for decades now, and we have often been surprised that the one part of their operations to which they are closest – the dispensary – is also one to which they pay the least attention in ter
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